Bitcoin Long-Term Holders Strengthen Their Grip As Realized Cap Climbs To Uncharted Territory

With bullish sentiment returning to the market again, Bitcoin’s price is witnessing fresh renewed upside movements, allowing the digital asset to revisit the $106,000 mark. As BTC regains upward traction, long-term BTC holders are seeing notable gains as seen in their realized capitalization.

Long-Term Bitcoin Holders Realized Cap Surges

After recovering from a recent pullback to the $100,000 threshold, Bitcoin has started to exhibit notable bullish movements. During this sideways performance and rebound, BTC’s most patient investors or long-term holders were observed flexing their resilience.

In an X post, Kyle Doops, the host of the Crypto Banter Show and market expert, has outlined a positive trend among Bitcoin long-term holders, also regarded as seasoned investors. Kyle Doops highlighted that “smart money isn’t just sitting around right now,” as evidenced by a rise in long-term holder realized cap.

Following his examination of the BTC STH LTH Net Position Realized Cap, the expert stated that the Realized Cap for long-term holders has risen to record levels. Specifically, the realized cap for long-term BTC holders is determined by the total value of coins acquired at the price at which they were last moved. 

The uptick shows that these investors are starting to lock in some serious gains in the midst of BTC’s renewed upward trend. Presently, long-term BTC holders‘ realized cap has surpassed $37 billion, marking levels not seen since the middle of 2023.

Kyle Doops considers such a development a robust conviction from seasoned investors and not a panic. Even with the market’s recent volatility, this sharp increase suggests that experienced investors remain reluctant to sell their Bitcoin.

Since bullish activities from key investors often fueled price increases, the next stage of BTC’s rally may be greatly influenced by these long-term holders’ steadfast commitment as they double down on the flagship asset.

Overall BTC Realized Cap At A New All-Time High

Long-term BTC holders’ increase in realized cap appears to be part of a larger growth in the overall Bitcoin Realized Capitalization. Carmelo Aleman, an on-chain expert, reported in a Quick-Take post on the CryptoQuant data analytics platform that the overall BTC realized cap has grown sharply in the last few days.

Despite the heightened volatility in the market, the total realized cap continues to break records. Data shows that the key metric rose to a whopping $934.88 billion as of Sunday, marking its highest level in history.

According to Aleman, this dramatic surge confirms consistent BTC buying pressure and increasing capital inflow, which strengthens long-term confidence in the digital assets among investors. Should the metric continue to rise, Bitcoin might muster enough momentum for a push toward its current all-time high and possibly beyond.